They talk about the role of fiat money in creating our economic problems. Gerald Celente explains that he has been looking at gold since the beginning of the bull market, he missed the low of 250$ per ounce by only 25$. They talk about 1987, the bubble of the 1990s and the money printing that caused it. They talk about the lowering of interest rates after 2001. Gerald calls it cheap money: ‘the more you print the cheaper it gets’. He says that digital dollars are not worth the paper that they are not printed on. They talk about the panic of 2008 and how every central bank started printing massively to “keep the Ponzi scheme going”.

They talk about gold and whether it’s currently in a bubble, Gerald makes fun of predictions by those that failed to see of anything that’s happening now. He explains that the world economy is much larger now than in the 1980s and that the participation of China, India and the entire Eastern Europe this time around make this a completely different game. Societies that have been around for some time know the value of gold and understand the devaluation of paper currencies.

They talk about how modern portfolio theory classes gold as a “risk” asset. They talk about the disdain for gold in mainstream financial circles and how gold buyers are disparaged and called names. Gerald talks about how gold saved him in times of trouble.

They discuss the 1930s and gold revaluation and confiscation, they also talk about Argentina’s “Corralito” in 2001. They talk about bank holidays and how gold served as protection against a collapse of the banking system.

This interview was recorded on October 20th 2011 in New York.

Regarding www.skoptionstrading.com. We currently have a number of open trades at the moment however, we do not update the charts until the trade is closed and the cash is back in our account.

Our model portfolio is up 407.38% since inception

An annualized return of 113.83%

Average return per trade of 42.43%

86 closed trades, 83 closed at a profit

Average trade open for 45.85 days

So, the question is: Are you going to make the decision to join us today.

Stay on your toes and have a good one.

Also many thanks to those of you who have already joined us and for the very kind words that you sent us regarding the service so far, we hope that we can continue to put a smile on your faces.